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True or False
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1.
True or False? The differences in living standards among developing countries are narrowing.
A)TRUE
B)FALSE
2.
True or False? Primary-product cartels, like OPEC, can be expected to be successful.
A)TRUE
B)FALSE
3.
True or False? Empirical evidence points to negative income growth associated with import-substituting industrialization and positive income growth associated with outward-oriented trade policies.
A)TRUE
B)FALSE
4.
True or False? Cheating has not been a significant problem for OPEC.
A)TRUE
B)FALSE
5.
True or False? Engel's law can be expected to contribute to higher prices for primary products.
A)TRUE
B)FALSE





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